Can Blockchain Technology Revamp Electoral Voting Systems?

Even though the Electoral College officially ratified a win for Joe Biden, the debacle shows that little to nothing has been done to improve the current voting system in the age of technological advancement.

Some of the most prominent analysts in the cryptocurrency industry believe that blockchain technology could revolutionize the way people cast ballots. Given the immutability of the distributed ledger, it can provide a more secure and more accessible way for people to perform their basic civic duty without anyone’s ability to intervene in the process.

Multiple firms in the blockchain space are working on a system that provides such an efficient technique for block formation and sealing, data collection, and result declaration while ensuring security and privacy.

In theory, a voter would use a tamper-proof personal ID token and place it into the candidate’s election wallet. Such procedure would be permanently recorded on the blockchain providing an open public inspection mechanism that maintains transparency. From voters’ registration to the verification of voter identity, ballot casting, and vote counting, the whole process can be stored in a chain of ordered blocks validated by network participants.

With every step of the voting course being inspected by several independent validators, elections would become harder to rig.

Despite the many benefits that blockchain presents to the current voting system, some disadvantages cannot be disregarded. An online-based voting system requires a malware-free digital device and internet access, which is not a given for every voter. It also does not prevent interested parties from vote-buying.

Regardless of the few points of failure that a blockchain-based voting system can have, it certainly increases voting integrity. By requiring the prearranged consensus, there is only a very tiny room for fraud or manipulation during the election.

Leave a Reply

Your email address will not be published.

Related Articles
Read More

The Federal Reserve Launches The FedNow Service Provider Showcase

The service, known as FedNow Service, was announced in 2019, and is expected to go live in 2023. This Tuesday, the Fed launched the FedNow Service Provider Showcase, which will demonstrate the service providers’ potential. The potential for instant payments over the blockchain – from...
Read More

Solana Pay – A New Era Of Payments

Solana, a popular blockchain project that has been one of the biggest alternatives to Ethereum in recent months, now has a new payment service called Solana Pay. According to the project’s announcement, Solana Pay is a new payments protocol that will usher in a new...
Read More

Five Questions To Ask Before Becoming A Blockchain Engineer

When Uber first started operating in my hometown, I jumped at the opportunity to ride the rideshare wave. Online articles flooded my mind with raking in mad Benji’s after hours while keeping my day job. But my Uber driving journey only lasted a week. What...
Read More

XRP Vs XLM – What Does Stellar Do Better?

Each of them has made major strides in their respective objectives to become adopted for global remittances. However, Ripple remains ahead of Stellar in respect to their respective native cryptocurrencies. XRP ranks as the sixth-largest cryptocurrency in terms of market capitalization. On the other hand,...